About
Prior to founding Citadel Capital, Mr. Heikal was an executive board member and Managing Director of EFG Hermes Holding, which he helped transform from a small financial consultancy into the leading investment bank in the Arab world and the second largest full-service investment bank in global emerging markets. He was head of asset management (1994-95), head of securities (1997-99), head of investment banking (1996-97) and head of private equity (1999-2001). There, he spearheaded highly successful private equity investments, one leading to the creation of Egypt’s leading IT company (Raya Holding) and another to the nation’s largest natural gas distribution company (Genco). He also raised three rounds of finance for regional mobile telecommunications operator Orascom Telecom and led the IPOs of Orascom Construction Industries and Orascom Hotels, among other landmark transactions. Mr. Heikal holds a Master’s degree and a PhD in Industrial Engineering and Engineering Management from Stanf
Position in the VCSift Database
- • 3 investors at Qalaa Holdings are tracked.
- • 23 investors hold the Chairman and Founder role in VCSift. Ahmed Heikal is one of them.
Data sourced from 410,343 investor profiles. Updated July 2026.
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